Reported 13 days ago
Moncler has stated it will not comment on 'unsubstantiated rumors' regarding a potential acquisition of Burberry, following a report that suggested a takeover was imminent. As a result of the speculation, Burberry's shares increased by 3%, while Moncler's shares fell by 2% in early trading. This comes as both brands prepare for the upcoming financial results report.
Source: YAHOO